BHP (ASX:BHP), the world’s largest mining company, has invested $6 million in Carbon Engineering (CE), a Canadian start-up developing technologies that suck carbon dioxide directly from the atmosphere and use it to make synthetic fuel.

The move is part of an increasing wave of significant investment by energy groups into the technology, known as direct air capture, which pulls carbon dioxide from the atmosphere by using chemicals and fans.

“Direct Air Capture offers flexibility and potential, and could play a vital role in reducing future global emissions,” the Vice President, Sustainability and Climate Change, Fiona Wild said in the statement. “We hope that this investment can accelerate the development and adoption of this technology.”

She noted said the investment in CE complements BHP’s existing efforts to accelerate the development of carbon capture, utilization and storage (CCUS) at point sources of CO2 emissions, such as in steel making and power generation.

BHP is not the first big name to bet on CE, a Bill Gates-backed company based in Squamish, British Columbia. In January, Oil majors Chevron and Occidental Petroleum bought a minority stake in the firm.

World’s largest miner BHP (ASX, NYSE: BHP) has lifted its forecasts for the global adoption and sales of electric vehicles (EVs), but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure.

State Owned, Odisha Mining Corporation (OMC) conducted the e-auction on 14 May’19. Amid low demand in the market, and falling Ferro Chrome prices, OMC received a meagre response, as the entire quantity of friable chrome ore received bids at about the same as the base price.

France’s Total has halted some of the units at its 230,000-barrel-per-day Leuna refinery in Germany to conduct technical checks after contaminated Russian crude oil was found to have flown via an oil pipeline from Russia to European customers.

Venezuela sold about $570 million in gold from central bank reserves over the past two weeks, skirting U.S. Treasury sanctions designed to freeze assets of the Nicolas Maduro’s administration, according to people with knowledge of the matter.

South Africa's Competition Appeal Court said Friday that Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) planned takeover of Lonmin (LON:LMI) could go ahead, clearing the way for shareholders to vote on the transaction that would create the world's second-largest platinum producer.

Me-Metals: Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: Regarding high attention of IMPASCO to the exploration sectors and extensive exploration operations in some parts of country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.

ME-METALS: Middle East Mines and Mineral Industries Development Holding Company (MIDHCO) had an active presence at the 18th International Exhibition of the Environment held in Tehran International Exhibition Center on 24-27 Farvardin 1398 (13-16 Apr 2019). Various senior officials visited the exhibition and MIDHCO’s stand including Dr. Eisa Kalantari (head of EPA Iran) and Dr. Masoumeh Ebtekar (Vice President of Iran for Women & Family Affairs & former head of EPA Iran). They have been personally informed about the environmental achievements of this great holding.

Iron ore concentrate production by major Iranian companies increased 17 percent year-on-year in the year to March 2019, exceeding 45 million tons, according to Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Iran exported 4.89 million tons of steel ingots in the year to March 2019, of which 67 percent were sent to target markets in the form of billets and blooms, according to figures by the Iranian Steel Producers Association (ISPA).

Me-Metals: Behrouz Rahmati stock and investment affairs director of National Iranian Copper Industries Co. (NICICO) said: with a great deal of efforts of our colleagues in the export department of the company, the first 50000 tons export shipment of NICICO left Iran to export destinations, Saturday morning, 7 Farvardin 1398 (27 March 2019).

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